Sealsq Corp
sealsq.comWhat Do They Do?
Designs and sells secure chips and custom ASICs, and provides cloud-based authentication and cybersecurity services to device makers, businesses and governments.
20-F for FY2025, filed Mar 31, 2026SEALSQ generates revenues from the design and sale of semiconductor secure chips and from Digital Certificates, Software as a Service…View ↗
Its principal activities include design, development, and marketing of semiconductor systems, with manufacturing outsourced to third-party…View ↗
Leveraging this Root of Trust, SEALSQ offers a SaaS solution to issue and manage cryptographic credentials that authenticate users…View ↗
SEALSQ serves high-growth industries requiring secure, scalable, and certified solutions. SEALSQ’s products and services contribute to…View ↗
How Do They Make Money?
In the larger semiconductor segment, customers typically pay for secure chips when delivered. ASIC design work is paid progressively against milestones; manufactured ASIC chips are paid for on delivery.
20-F for FY2025, filed Mar 31, 2026The Group recognizes revenue when a customer takes possession of the chips, which usually occurs when the goods are delivered. Customers…View ↗
The services provided are structured into Work Packages (WPs), each representing a separate performance obligation. These could include…View ↗
Each purchase order for ASIC chips represents a distinct performance obligation to provide the specified quantity and type of chips.…View ↗
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20-F for FY2025, filed Mar 31, 2026
FY2025 revenue by reportable segment ↗
$18.3M
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20-F for FY2025, filed Mar 31, 2026
$18.3M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Semiconductors Segment
Sold outright
20-F for FY2025, filed Mar 31, 2026 |
80%
FY2022: 100%
|
Semiconductors Segment, FY2025
$14.7M Sources
|
Sold outright |
|
ASIC
|
20% |
ASIC, FY2025
$3.6M Sources
|
Who Are Their Customers?
Serves international customers across connected-device, utility and healthcare markets, with applications also in industrial settings.
20-F for FY2025, filed Mar 31, 2026
Do Revenues Turn Into Profits?
No. It lost $34.2M in FY2025.
20-F for FY2025, filed Mar 31, 2026
−$39.8MView ↗
20-F for FY2025, filed Mar 31, 2026
−$34.2MView ↗
20-F for FY2025, filed Mar 31, 2026
−$32MView ↗
How Are They Changing?
Flat. Revenue was $18.3M in FY2025, about the same as the $17M of FY2021.
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